NMDC share price falls another 8%, down 15% in 5 sessions. Here’s why
Continuing their bearish trend for the fifth consecutive trading session, shares of NMDC, India’s largest iron ore producer, fell another 8% in early morning trade on Tuesday, October 8, reaching ₹211 per share. This brings the cumulative loss over the past five days to nearly 15%.
Despite a significant rise in iron ore prices, the company’s shares have been on a downward trajectory, with most of the decline occurring after the release of its operational numbers for September.
